Fun fireside with @collision at Stripe Tour London yesterday.
- Fable hot takes
- Running an org in the AI era
- Why the EU/UK suck at tech
Full thing here:
https://t.co/uWd6tX1H1o
Featured in The Times today on why UK tech won't list in London. Here's what needs to change:
"Does it matter if UK tech lists on Nasdaq rather than the LSE?"
Absolutely.
As a founder, when growth capital and public market demand concentrate elsewhere, you optimise for where the money is. The centre of gravity shifts:
- You hire in the US
- You relocate leadership to the US
- You prioritise the US market
You reshape the company to look and feel American, because that's what US investors expect.
The outcome for the UK is predictable:
- High-paying jobs migrate
- Venture and public-market returns flow abroad
- UK ownership in UK-born tech evaporates
- Founders feel pressure to leave
As I told The Times: "It's a real travesty that the fastest growing and the best companies are leaving. If you're successful as a British company you become an American company."
We need an environment where ambitious tech can scale and list in the UK. Otherwise we accept gradual decline.
This doesn't require massive new spend, just better incentives and plumbing:
Pensions → productive equity: Accelerate and hard-wire the Mansion House direction. The current accord is too weak and coming too late. We need 10x the ambition, legislated before the next election. DC schemes should allocate a measured slice to UK growth equity/VC via suitable vehicles. Minimal direct fiscal cost; appropriate risk controls essential.
Tech-focused retail access: Create a Tech ISA so everyday investors can own British growth companies. Keep it cost-neutral by adjusting the cash ISA mix. We're one of the few economies that incentivises cash hoarding this aggressively.
Competitive founder taxation: Offer preferential CGT treatment for founders who list on the LSE and remain listed for a set period. With very few venture-backed listings today, the revenue impact is negligible.
Scrap stamp duty for tech: Exempt venture-backed tech companies from stamp duty on share transactions. This self-inflicted wound reduces liquidity for no good reason. Since these companies aren't listing here anyway, eliminating it costs nothing but would remove a major competitive disadvantage versus the US.
Outcompete on listings in practice: Recent reforms helped, but aren't enough. CEOs still see London as prohibitive versus the US on compensation flexibility, dual-class implementation, and disclosure burden. We need to compete on these details, not just principles.
Think bigger: Create a pan-European exchange or explore an LSE-Nasdaq merger. Give UK tech access to deeper capital pools and global liquidity. Non-trivial? Yes. But this is the scale of ambition we need to compete globally.
The UK has the talent, universities and early-stage ecosystem. This budget could be the moment to get the LSE working.
Let's make listing here the rational choice, not the exception.
@ThreeUKSupport Hi, my network has been limping for a few days now. Typical download down to 1-4mbps. Was well over 70mbps in the past. Tried all the update/restart/move around stuff. Please help
CELL_ID: 13468765
RSRQ: -9.0dB
RSRP: -80dBm
RSSI: -57dBm
SINR: 1dB
One of the most useful inclusions (but most common omission) on software architecture diagrams is teams.
Show relationships between people and software, not just software structure.
Architecture is a socio-technical construct, but we often focus on the technical in isolation.
My impression is that most tutorials on mocking and mocking frameworks lead with how to stub code for tests than how to actually use mocks for testing.
Such priming might explain many common misunderstandings around mocking, as well as the parlous state of many mock-based tests.
EasyJet cybersecurity incident: 21 May 2020
Me getting daily 15 spam e-mails instead of the usual weekly 5: 25 May and onwards
Most of the spam is Bitcoin scam
It’s that time again. A mumpsimus (16th century) is someone who refuses to budge/insists that they are right, despite clear evidence that they are wrong. Plural: mumpsimuses.
https://t.co/e7Ms9YBESQ 👏
"Writing saves time"
"Writing makes meetings a last resort"
"Writing removes extrovert bias"
"Writing invites other perspectives"
"How to write better"
@simonbrown In my experience, the first thing people tend to drop when pressed for time is recording decisions.
Diagrams are created only to quickly share an idea.
If a company doesn’t have established diagram tooling, it’s quicker to draw a static image.